I suspect the trouble is in the clutch disc and possibly contributing factors with the cover and/or the pressure plate. The clutch cover is where the spring is located and where the pressure to the disc to flywheel obtained.
Rusty gave you a good starting point to trace out the basics of the easier things to chase.
The transmission on a 41 convertible (cabriolet) is a bitch to get out. It must be taken out from the floor access and must be tilted and turned in order to be removed. I suspect the 40 is about the same.
The parts are readily available for rebuilding the clutch and all that stuff. Those parts are all over eBay, et al. A machine shop can easily resurface the flywheel for you.
Now this here, right here, is the most important thing I'm going to tell you. Ready? Suggest to your son that he should order a maintenance/shop manual from a source such a Chevy of the Forties or Filling Station. It will prove to be invaluable as you work on the car from time to time. Those manuals are reproductions, are right on as the original and only cost about 20 bucks or so. A bargain.
Good luck with the car and know that there are many of us here on chatter that are willing to help figure our problems (trouble shooting) with the old Chevrolet.
Best,
Charlie

BTW: If your son intends to modify, hot rod, street rod, i.e. butcher the car then that may impede enthusiasm for assistance and interest from usums old "leave it as original mindset." I know it does for me. Not that we won't help if we can but we won't be throwing no parties and slapping him on the back for his poor choices. Just saying.
BTW2: Okay. I'm hunkered down here and just waiting for it because I know it's a-coming. Am too!